TaxTMI 
TaxTMI 
Procedure for clearing duty paid materials
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....rocedure for clearing duty paid materials<br> Query (Issue) Started By: - chaganti srinivas Dated:- 24-7-2010 Last Reply Date:- 1-8-2010 Central Excise<br>Got 1 Reply<br>Central Excise<br>The assesse ....
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....after paying the correct duty clears say 50 nos of a commodity.The buyer finds the quantity is excess than ordered for and so pay for only say 20 nos and the rest 30 nos remains unsold in the latter's....
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.... warehouse for more than two years.. Since excise duty has already been paid for the entire quantity, can the assesse sell the remaining 30 nos to another party by raising commercial invoice after a g....
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....ap of two years, if so what is the procedure. Kindly clarify. Reply By Surender Gupta: The Reply: In case he has availed the credit on entire consignment of 50 numbers originally, than, in my view the....
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....re is no difficulty being removing the balance 30 nos after reversing the credit corresponding to these 30 nos. The records of cenvat credit would be sufficient for this purpose. But if the case is di....
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....fferent, it is required to ascertain the nature and circumstances first.<br> Discussion Forum - Knowledge Sharing ....